On average, listings lease in the $30's per square foot per year. The Southeastern Brooklyn region is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decline in rent.
Compared to the rest of the New York City market, the Southeastern Brooklyn region has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 5 listings have been listed, which means listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 7,000 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 1 floors. Most buildings in this area were built in 1941 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Southeastern Brooklyn residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.